9 Payson Ave, Dorchester, MA 02125

9 beds3 baths3,438 sqft Edit

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Sold: $515,000
Sold on 07/07/14
Zestimate®: $519,142
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My Notes

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Fully deleaded, turn-key income property close to Jones Hill offering an estimated 7.2% cap rate with $54,725 in current annual income. All units leased. Newly-installed coin-op laundry room in basement whose income has not yet been factored into the current income total but is estimated to be another $100 a month. Many updates throughout the building including newer gas heating systems, hot water heaters, circuit breakers, vinyl siding, refinished floors, all replacement windows, rubber roof, newer appliances and more. Delead certs in hand for units and common areas. Close to I93 & Red Line T @ Savin Hill.

Facts

  • Lot: 2,613 sqft
  • Multi Family
  • Built in 1905
  • Views: 517 all time views
  • Heating: Forced air
  • Last sold: Jul 2014 for $515,000
  • Last sale price/sqft: $150

Additional Features

  • ADULT_COMMUNITY \ No, AMENITIES \ Highway Access, AMENITIES \ Medical Facility, AMENITIES \ Park, AMENITIES \ Private School, AMENITIES \ Public School, AMENITIES \ Public Transportation, AMENITIES \ Shopping, AMENITIES \ T-Station, AMENITIES \ University, AMENITIES \ Walk/Jog Trails, APOD_AVAILABLE \ Yes, APP_COMMON \ Dryer, APP_COMMON \ Washer, APP_DSCRP_1 \ Compactor, APP_DSCRP_1 \ Dishwasher, APP_DSCRP_1 \ Range, APP_DSCRP_1 \ Refrigerator, APP_DSCRP_2 \ Range, APP_DSCRP_2 \ Refrigerator, APP_DSCRP_3 \ Range, APP_DSCRP_3 \ Refrigerator, BASEMENT_FEATURE \ Concrete Floor, BASEMENT_FEATURE \ Full, BASEMENT_FEATURE \ Interior Access, BASEMENT_FEATURE \ Partially Finished, BEACH_DESCRIPTION \ Bay, BEACH_DESCRIPTION \ Harbor, BEACH_DESCRIPTION \ Ocean, BEACH_MILES_TO \ 1/2 to 1 Mile, BEACH_OWNERSHIP \ Public, BEACHFRONT_FLAG \ Yes, COL_COMMON \ None, COL_DSCRP_1 \ None, COL_DSCRP_2 \ None, COL_DSCRP_3 \ None, CONSTRUCTION \ Frame, ELECTRIC_FEATURE \ Circuit Breakers, ELECTRIC_FEATURE \ Individually Metered, ENERGY_FEATURES \ Insulated Doors, ENERGY_FEATURES \ Insulated Windows, ENTRY_ONLY \ No, EXTERIOR \ Vinyl, FLOORING \ Hardwood, FLOORING \ Tile, FLOORING \ Vinyl, FOUNDATION \ Granite, HEA_COMMON \ None, HEA_DSCRP_1 \ Forced Air, HEA_DSCRP_1 \ Gas, HEA_DSCRP_1 \ Individual, HEA_DSCRP_1 \ Unit Control, HEA_DSCRP_2 \ Forced Air, HEA_DSCRP_2 \ Gas, HEA_DSCRP_2 \ Individual, HEA_DSCRP_2 \ Unit Control, HEA_DSCRP_3 \ Forced Air, HEA_DSCRP_3 \ Gas, HEA_DSCRP_3 \ Individual, HEA_DSCRP_3 \ Unit Control, HOT_WATER \ Natural Gas, HOW_SHOWN_BB \ Accompanied Showings, HOW_SHOWN_BB \ Appointment Required, HOW_SHOWN_BB \ Call List Agent, HOW_SHOWN_FB \ Accompanied Showings, HOW_SHOWN_FB \ Appointment Required, HOW_SHOWN_FB \ Call List Agent, IFE_COMMON \ Lead Certification Available, IFE_DSCRP_1 \ Bathroom With Tub & Shower, IFE_DSCRP_1 \ Hardwood Floors, IFE_DSCRP_1 \ Lead Certification Available, IFE_DSCRP_1 \ Pantry, IFE_DSCRP_1 \ Tile Floor, IFE_DSCRP_2 \ Hardwood Floors, IFE_DSCRP_2 \ Lead Certification Available, IFE_DSCRP_3 \ Hardwood Floors, IFE_DSCRP_3 \ Lead Certification Available, LOT_DESCRIPTION \ Level, MF_TYPE \ 3 Family, PROP_TYPE \ Multi-family, RMS_COMMON \ Laundry, RMS_DSCRP_1 \ Kitchen, RMS_DSCRP_1 \ Living Room, RMS_DSCRP_1 \ Other (See Remarks), RMS_DSCRP_2 \ Kitchen, RMS_DSCRP_2 \ Living Room, RMS_DSCRP_2 \ Other (See Remarks), RMS_DSCRP_3 \ Kitchen, RMS_DSCRP_3 \ Living Room, RNT_DSCRP_1 \ Water, RNT_DSCRP_2 \ Gas, RNT_DSCRP_2 \ Water, RNT_DSCRP_3 \ Water, ROAD_TYPE \ Public, ROOF_MATERIAL \ Rubber, UTILITY_CONNECTIONS \ for Gas Range

Construction

  • Exterior material: Metal
  • Room count: 15
  • Stories: 3
  • Unit count: 3

Other

  • Floor size: 3,438 sqft
  • Parcel #: W:15 P:02637 S:000
  • Zillow Home ID: 59105403

Zestimate Details

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$519,142
+$12,466 Last 30 days
$483K
$545K
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$2,348/mo
+$28 Last 30 days
$1.7K
$2.9K
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Popularity on Zillow

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517 all-time views
of this home (chart)
169 forecasted views of this home
in the first 7 days after listing for sale
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Comparable Homes

Homes like this sold for $480-580K.

$420K
$640K

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Market guide

Zillow predicts North Dorchester home values will rise 0.6% next year, compared to a 1.4% increase for Boston as a whole. Among North Dorchester homes, this home is valued 62.1% more than the midpoint (median) home, but is valued 44.4% less per square foot.

Foreclosures will be a factor impacting home values in the next several years. In North Dorchester, the number of foreclosures waiting to be sold is 57.4% greater than in Boston, and 29.5% lower than the national average. This higher local number may prevent North Dorchester home values from rising as quickly as other regions in Boston.

Learn more about forecast calculations or North Dorchester home values.
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    Other Units in this Building (1)ZestimateBedsBathsSqft
    # 1--311,000

    Nearby Schools in Boston

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